Order Up! More Happy Meals for the Stuffed Investor

It’s a maneuver some cash-strapped companies turn to when they are having trouble selling bonds. To make the bonds more appetizing to hedge funds, the companies offer to lend million of shares to the hedge funds to short. If the company does well the bonds are convertible into stock and if the company performs poorly, the fund now has the tools for betting against the company.

That got MoneyBeat thinking: What other investment pairings could we make out of tasty treat names? (To be sure, we did not consult with any investment professionals in compiling this list, and are pretty confident we would be laughed out of any brokerage with these ideas.)

Readers, we want your ideas as well. Put them in the comments and we’ll tweet out the best responses.

Royale with Cheese– U.S. depository shares of a French company, along with home-country bonds and a Eurodollar swap.

Fiesta combo — Mexican government bonds, plus a peso hedge and a pre-IPO allocation of shares in the eventual Pemex spinoff.

Awful Awful– For those of you who may be unfamiliar, a New Jersey ice cream parlor called Bonds once offered a milk shake called the Awful Awful, with a promise if you could drink three you got a fourth free. This year’s Awful Awful investment would be: short Tesla, go long J.C. Penney, short Herbalife, and you earn yourself an option on Best Buy. Take a put or a call, it’s up to you.